/home/jeze3d"Is this a job?"
Fried_out_Kombi
RichCaffeineFlavorWith who’s politicians?
Detroit is trying to, largely at the behest of their mayor, Mike Duggan. Detroit would especially benefit from the proposed tax, as it has a ton of vacant land, much of it owned by the ultra-wealthy Illitch family.
The Land Value Tax Plan | City of Detroit
.content-refresh h2, .content-refresh h3 {border-bottom: 5px solid #feb70d; display: inline-block;} .content-refresh ul {position: relative;} .content-refresh li {margin-left: 0; margin-bottom: .5em; padding-left: 0; list-style-type: none;} .content-refresh li::before {font: bold 20px "Font Awesome\ 6 Free"; content: "\f058"; position: absolute; left: .5em;} .contact-item .contact-info br {display: none;} This educational tool provides an estimate of your tax bill if the Land Value Tax proposal were in effect in 2023. These estimates are based on the current proposal in the Michigan State Legislature, which will also require City Council and voter approval. The Estimator Tool FAQs .dt-green .more-link a {border: 1px solid #fff;} .det-img img {display: none;} @media (min-width: 1024px) { .det-img img {display: block; min-width: 241px;} } It’s time to lower Detroit’s property taxes. Land Value Tax Plan Brochure has all the details. Get the Brochure Our Mission Detroit’s Land Value Tax Plan is a way for Detroit voters to decide whether to cut homeowners’ taxes by an average of 17% and pay for it by increasing taxes on abandoned buildings, parking lots, scrapyards, and other similar properties. The Michigan Legislature would have to approve legislation no later than Summer 2024 to be placed on the November 2024 ballot. Homeowners would see the full tax cut in 2025. State Representative Stephanie Young from Detroit is the sponsor of the Lansing legislation. Learn More with Our Land Value Tax Plan FAQs The Problem Under Detroit’s property tax system, blight is rewarded and building is punished. Detroit homeowners pay among the highest property taxes in Michigan. Owners of abandoned buildings, scrapyards, and parking lots pay very little. Two-Part Land Value Tax Plan Cut tax mills on buildings by 14 mills More than double taxes on land. Land Value Tax Plan FAQs What is the Land Value Tax Plan? The Land Value Tax Plan modernizes Michigan’s outdated, one-size-fits-all municipal tax structure by allowing municipalities like Detroit to replace certain taxes on property improvements (including homes, buildings and other structures). What would be the impact of the Land Value Tax Plan? The Land Value Tax Plan allows local governments to put money back into the pockets of their residents, reduce blight and tax foreclosures, encourage reinvestment and support small businesses. Why is the Land Value Tax Plan needed? Michigan’s current municipal tax structure is broken and creates an unfair tax burden on homeowners and small businesses in some communities. The current system also unfairly rewards land speculators, discourages investment and improvements while saddling homeowners with a growing tax burden. As some municipalities have lost residents and vacant lots have increased, the tax burden on property owners has increased, which is why the Land Value Tax Plan is necessary. Who supports the Land Value Tax Plan? The Land Value Tax Plan is supported by a broad, bipartisan coalition that transcends political and geographic lines. The coalition agrees Michigan’s rigid approach to its municipal property tax code is overburdening Detroit’s homeowners and small businesses. The coalition includes the City of Detroit, housing affordability advocates, faith leaders, small-business associations and more. Will the Land Value Tax Plan only benefit Detroit? No. The Land Value Tax Plan can benefit communities throughout Michigan that want to use it to attract new development and investments, revitalize neighborhoods and address blight. The Land Value Tax Plan gives communities a CHOICE to modernize their municipal tax structures to reduce tax rates for homeowners and small businesses. The Land Value Tax Plan also allows communities to hold land speculators and owners of vacant, unused or unproductive land accountable through imposing a higher tax burden on holding those properties undeveloped. What is the effect on Detroit homeowners (owner-occupied homes)? The average Detroit homeowner will get a 17% permanent property tax cut in 2025. 97% of all Detroit homeowners will get a tax cut. The legislation guarantees no Detroit homeowner gets a tax increase from the Land Value Tax plan. How does the tax cut on improvements work? Detroit’s millage for operations would be cut by 14 mills, from 20 mills to 6 mills for improvements to all taxable property. That cut applies to apartments, retail stores, office buildings, homes, and land. What would the effect be for homeowners (with principal residence exemption)? The 14 mill cut reduces the homeowner’s property taxes in this way: Current Homeowner Tax Change under Land Value Tax Detroit Operating 20 Mills Detroit Operating 6 Mills Detroit Debt 7 Mills Detroit Debt 7 Mills School Operating 6 Mills School Operating 6 Mills School Debt 13 Mills School Debt 13 Mills County 17 Mills County 17 Mills Libraries 4 Mills Libraries 4 Mills Total 67 Mills Total 53 Mills (County mills include county, parks, ISD, WCCCD, Zoo, DIA) How will Detroit homeowners’ property taxes compare to neighboring suburbs under the Land Value Tax? Today, Detroit homeowners pay among the highest property taxes in Michigan. Under the Land Value Tax, Detroit’s property tax rates will become competitive with neighboring cities like Southfield, Ferndale, Warren, and Grosse Pointe. The attached map illustrates that change. How does the tax increase on land work? Land values in Detroit are very low. Large millage increases on land don’t result in large tax burdens. The land mills will be increased by approximately 104 mills. The average vacant residential lot in Detroit currently pays $30 a lot. The Land Value Tax will increase the taxes to an average of $67 per lot. What about urban farms, community gardens, and community spaces? Urban farms, community gardens, and community spaces will not be affected by the Land Value Tax. They are deemed community space under the proposal. Will my taxes go up if I bought side lots next to my home? No homeowner will get an overall tax increase if they own 4 side lots or less. The average bill on a side lot will go up about $30 a lot, from $25 to approximately $55. The average homeowner will get a tax cut on their house that is much larger than that. If you are the exception where the increase in your side lot tax is more than the tax cut on your home, you will receive a credit. You will have no overall tax increase as a result of the Land Value Tax. What if I currently have an NEZ (Neighborhood Enterprise Zone) tax break? Can I keep my NEZ instead of taking the Land Value Tax cut? Yes. You can choose whichever option is better for you. If you have an NEZ break, you can keep that break until your 15 year period runs out. When your NEZ period ends, you will automatically receive the permanent Land Value Tax break. Will new NEZ’s be granted to property owners if the Land Value Tax Plan is approved by the voters? No. NEZ’s have created tax inequity among Detroit neighborhoods. Existing NEZ holders will be grandfathered. But no new NEZ’s will be granted afterward. As the existing NEZ’s phase out, all Detroit neighborhoods will pay the same tax rate. What happens to owners of abandoned houses and vacant parcels? The tax on the vacant land will more than double. The millage rate on land will increase an estimated 104 mills, going from 85 mills today to approximately 189 mills. What happens to owners of surface parking lots and scrapyards? The land tax will more than double, but these owners will get a 14-mill tax cut on any improvements on the property. The effects will vary, but should average about a 50% increase in property taxes. The plan says that homeowners currently pay 67 mills, but why does my Summer tax bill say 76 mills? The total Summer levies add up to 76 mills, which is why the Summer tax bill shows 76 mills at the bottom of the page. However, if you have Principal Residence Exemption, then the 17 mills of School Operating tax will say “EXEMPT”. Subtract these 17 mills from the 76 total to get 59 mills. This is your Summer millage. In Winter, you will pay another 9 mills for a total of 68 mills in 2023. Then in 2024, the total millage will go down to 67 because the City will reduce the debt millage by 1. Estimator FAQs Why doesn’t the Total 2023 Taxes amount on the LVT estimator match my current tax bill? The estimate provided is for the sum of your summer and winter taxes and does not include any other fees (such as solid waste fee or penalties). So it won’t match your summer tax bill, but instead the sum of your summer and winter tax bills. Additionally, the estimate is based on the assessment data as of June 30th, 2023, including the taxable value and any abatements or exemptions you may have had at that time. Your tax bill may vary if there have been any adjustments or changes since then, such as change in ownership or approval of a HOPE exemption. My home has a NEZ tax abatement. Why does the LVT estimator show that my taxes increase after the NEZ expires? The NEZ Homestead saves homeowners about 20% whereas the LVT saves homeowners 17% on average. Until the NEZ expires, the homeowner will receive whichever is the larger savings. Most homeowners will see a slight increase after the NEZ expires, but will see savings versus if there was no NEZ or LVT. Some homeowners will see an immediate savings under LVT based on the value of land. NEZ Rehabs and NEZ News often see a large tax increase once the abatement expires, but the LVT will result in a smaller increase. My property has a HOPE exemption. Why doesn’t the estimator show a change in my tax bill under the proposed LVT plan? Homeowners with a 100% HOPE exemption or veteran exemption will continue to pay $0 in property taxes. Homeowners with a partial exemption may have a further decrease or no change. I am a resident who owns personal property. Can I use the estimator to see how my personal property tax bill will change? Personal property is not impacted by the proposed LVT plan. Only real property will see a change in the way their tax bills are calculated. I own a side lot. Can I use the estimator to see the estimated tax bill change on the side lot(s) that I own? The lookup tool only shows estimated tax bill changes for residential homes. If you are a homeowner with side lot(s), the average increase per side lot is $25-30. Nearly all homeowners with side lots will have net savings due to a larger tax decrease on their home. However, the LVT plan guarantees that no homeowner with four side lots or fewer will see a net increase. I searched by parcel number and by address, but I don't see my property. How can I find my property? This estimator only shows estimated tax bill changes for residential homes. If you own commercial/ industrial property, personal property, and/or vacant land (such as side lots), the website does not have the capability to calculate your estimated tax bill change. If you just purchased your home from the Detroit Land Bank Authority, recently changed homeowner status, or recently received an exemption or abatement, the change may not be reflected in the data yet, which is current as of June 30, 2023. If you cannot find your address or parcel number you can search for it on Detroit Parcel Viewer. The estimator says my property taxes will increase under the proposed LVT plan. Why is that? While an estimated 97% of homeowners would see a decrease in their tax bill under the LVT plan, some homeowners will see no change, particularly if they own parcels with a significant amount of land. If you own your home and see an increase, then you may not have a Principal Residence Exemption on your property and should contact the Office of the Assessor or email [email protected]. Who can I reach out to if I have specific questions on my property’s estimated bill under the Land Value Tax proposal? Please send an email with your inquiry to [email protected]. Compare Detroit's Neighboring Cities Property Tax Rates How To Enact a Land Value Tax Plan in Detroit? The Michigan Legislature can allow for real tax relief for homeowners and small businesses through legislation that allows cities like Detroit the choice to adopt the Land Value Tax Plan. This legislation would help local governments maintain a stable revenue stream and discourage blight and land speculation. And while the Land Value Tax Plan may not be the right choice for every community, research shows it would be a major boost for Detroit. Here’s a major study that highlights the enormous benefits of a Land Value Tax approach in other communities. The legislation would empower local voters in municipalities to decide whether the Land Value Tax Plan is right for their community.
The top line of what you just linked me is saying they’re going to drop property taxes on occupied buildings by 17% and raise taxes on unoccupied land. This isn’t about changing the math for renters this is about shrinking the city’s sprawl to save money on infrastructure.
And that’s not to say taxing landlords is going to do anything. My point is about the political economy of going after people whom you give half your money for years and years first.
Even a quite milquetoast land value tax, such as in the Australian Capital Territory, has been shown to reduce speculation and improve affordability:
It reveals that much of the anticipated future tax obligations appear to have been already capitalised into lower land prices. Additionally, the tax transition may have also deterred speculative buyers from the housing market, adding even further to the recent pattern of low and stable property prices in the Territory. Because of the price effect of the land tax, a typical new home buyer in the Territory will save between $1,000 and $2,200 per year on mortgage repayments.
Yeah so I’m even less impressed now
How so? Land value tax is just supremely good tax policy, and we should be striving to replace our broken property tax system with it.
Any tax system that incentivizes new housing development, disincentivizes speculative land holding, and cannot be passed on to tenants is an absolute win in my book.
Who gives a fuck how cleverly the administration of ‘free market solutions’ through tax policy is targeted towards ‘incentivizing’ landlords. This is a post about the parasitic relationship between landlord and tenant. I made a (glib) point about how it’s difficult to legislate against landlords because they get to use your money to lobby against you. What does your point have to do with any of that?
It’s difficult, yes, but our society has fought and won battles against vested interests before. Good policy can be fought for and achieved, as evidenced by basically every successful country on earth.
I just want to advocate for good policies in this thread so that we can solve some of our problems. In my experience, a lot of people can identify that there is a problem with the landlording class, but many people don’t know a whole lot about the underlying reasons why this dynamic exists or what we can do policy-wise to fix it.
It’s difficult, yes, but our society has fought and won battles against vested interests before.
Yeah back when we had unions that would straight up murder scabs. Your thing, neoliberalism, works in the opposite direction.
The idea is to turn landlording – a position of power and privilege with access to economic rents – into mere property management – a regular job where you earn income based on the labor you do in maintaining properties.
Then seize the land. If that’s your end goal then do it.
Do you think you can trick the landlords into watching you do it slowly enough they don’t notice? You think you can trick capitalists into getting real jobs? Preposterous. You have no sense of class antagonism.
Your thing, neoliberalism
Who says I’m a neoliberal?
I’m a Georgist:
I’m sorry, you’re a libertarian.
Lol what?
You keep on trying to put me into little ideological boxes so you don’t have to engage with a new-to-you economic ideology.
And for the record, libertarians are dumb af and almost uniformly oppose the Georgist vision of land.
I put you into a larger ideological box than the one you put yourself in. You complained that you weren’t a plant, you were a tree.
And yes I agree libertarians are dumb as fuck and I offer you the additional observation that there is no ‘true’ libertarian and they talk shit about each other all the time.
My source is a group of people I’ve already described as stupid
Very bold opinion on the categorization of an entire economic ideology for someone who, far as I can tell, literally never heard of it until today.
I’m not sure if you’re aware, but one of the most basic ways to categorize economic ideologies is based on who owns what factors of production, i.e., who owns land (including natural resources), labor, and capital.
Broadly speaking, communists believe in social ownership of all three, socialists in social ownership of land and capital, and capitalists in private ownership of all three. Within this framework, Georgism falls squarely on the belief that land should be socially owned (either directly by the government and leased out kinda like Singapore does or indirectly via “full” taxes on land, negative externalities, severance, etc.), while labor and capital ought to be privately owned. Thus, it is equally incorrect to describe Georgism as either socialism or capitalism, as it is simply neither.
Unlike libertarians, neoliberals, and capitals, Georgists view monopolies and private ownership of land as basically satan. That’s a pretty dang big difference.
How would you feel if I attempted to reduce down the wild complexity of leftist ideologies – everyone from syndicalists to market socialists to distributists to demsocs to Marxists – into “lmao a bunch of Pol Pot supporters”? Pretty silly and reductive, isn’t it?
Some Georgists don't believe in ownership of labor because that inherently implies property rights in people. These Georgists recognize the same labor theory of property, which provides an ethical justification for common ownership of land and natural resources, also provides a critique of capitalist property relations and an argument for an inalienable right to workplace democracy.
See: https://www.ellerman.org/rethinking-common-vs-private-property/
See: https://www.ellerman.org/rethinking-common-vs-private-property/
Rethinking Common vs. Private Property
The purpose of this paper is to suggest a rethinking of the common-versus-private framing of the property rights issue in the Commons Movement. The underlying normative principle we will use is simply the basic juridical principle that people should be legally responsible for the (positive and negative) results of their actions, i.e., that legal or de jure responsibility should be imputed in accordance with de facto responsibility. In the context of property rights, the responsibility principle is the old idea that property should be founded on people getting the (positive or negative) fruits of their labor, which is variously called the labor or natural rights theory of property.
Yeah. I know what a georgist is. It’s a libertarian who had his land taken by agribusiness.
I should have known what a sophomoric puke you were just by “Very bold” being your opening line.
Broadly speaking, communists believe in social ownership of all three, socialists in social ownership of land and capital, and capitalists in private ownership of all three.
Absolute mind palace nonsense. No relation to the outside world or its writings. Absolutely losing it with “ownership of labor” being the difference between ‘communism’ and ‘socialism’
Absolute clown shit.
How would you feel if I attempted to reduce down the wild complexity of leftist ideologies – everyone from syndicalists to market socialists to distributists to demsocs to Marxists – into “lmao a bunch of Pol Pot supporters”? Pretty silly and reductive, isn’t it?
I would feel the exact same way I feel now
It’s a libertarian who had his land taken by agribusiness.
Certainly one of the takes of all time.
fursona
I’m no furry, but this is honestly very rude and condescending towards people with that kink. Not sure why you thought that bigoted, conjured-from-thin-air jab was necessary. Maybe don’t be a bigot towards sexual minorities online?
You know those words in that order are talking about slavery right? The ownership of labor in private hands?
Just because you say it confidently doesn’t make it true. Read a little bit about the factors of production. Here, private ownership of labor means the value of your own labor is yours, rather than taxed away (such as via income taxes) or otherwise expropriated by the state.
And yes, of course I’m skipping over a lot of nuance in the difference between communism and socialism, but this is the highest level distinction. Much like there’s a heck of a lot different between humans and E. coli, but the highest level distinction is that one belongs to the domain bacteria and one belongs to the domain eukarya.
You said yourself you support private capital.
And I also said I support social ownership of land and natural resource, either directly with government leases or indirectly via taxes, which is very much not a capitalist/libertarian viewpoint by any stretch of the imagination. Very convenient of you to leave out that half, isn’t it?
And considering Georgism diverges from capitalism at the highest level of categorization, well, let’s just say your pet theory that “georgism = capitalism” falls rather flat. To continue the biological analogy, it’d be like if you said the domain archaea is actually just a subset of bacteria based solely on the fact that you had pre-decided that you think bacteria and eukarya are the only two domains of life. Or if you said all fungi were actually plantae because you pre-decided that you think plantae and animalia are the only two kingdoms of eukarya.
And yes, of course I’m skipping over a lot of nuance
You’re glossing over your ignorance by pretending there’s nuance you’re sparing me. Seen that trick plenty.
Your ideology is a stub on wikipedia. Calling it a fursona is hilarious. Especially when you’re completely ignorant of everything else besides what you self identify as.
Like you want to condescend to me while misusing the term ‘private property.’ It’s adorable.
And considering Georgism diverges from capitalism at the highest level of categorization
You allow for capital accumulation and private ownership of the means of production. You don’t diverge from capitalism at any point. You’re an ideological capitalist.
Learn what words mean.
You speak a lot about “means of production” for someone who has not once uttered a single word of concrete, tangible solutions in this entire thread. I’m out here posting sources, data, policies, and actual solutions that would measurably improve people’s lives, while you’re here larping online, doubling down on your bigotry against sexual minorities, and doing zero praxis.
You linked me to a stub of an article that exists on wikipedia for completion’s sake that describes the weird larping exercise that is your specific ideology fursona.
As far as you play acting with sources, data, blah blah, I apparently have to again remind you that the topic of this thread is the relationship between landlords and tenants, not your weird obsession with purple ocelots.
Private ownership of labor implies the ability to alienate and transfer it for present or future benefits. Such a procedure is not possible because labor is de facto non-transferable. People can have private ownership over the products of labor, but they cannot own their labor because labor is inalienably theirs
what does illitch gain from this tactic? is it a political power move over detroit to hold sway in lawmaking? parking lots can generate an autistic savant worth of money, but to not develop the rest of the lots? 🤔 fishy
Leave some empty so you can jack up the prices on the others. You have to hire less staff and have less expenses and still make more overall.